What should have happened and what did happen, and why? The point of asking is why? Find the "why" and know better what they do next to control the markets. The economic model is so broken, and so different than the past generation, something new has to morph out of this transition. Note the thin red line is at the levels which begin each death triangle. Eventually reality has to take over. You cannot alter the supply and demand basics without consequences, although they have and will try.